Written by ForexBrokers.com
In this head to head comparison of Eightcap vs GBE brokers, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers Eightcap and GBE brokers, regulatory information and trust scores are key factors. Eightcap, established in 2009, holds three Tier-1 licenses, considered highly trusted, giving it a ForexBrokers.com Trust Score of 85, placing it in the trusted category. Meanwhile, GBE brokers, founded in 2013, holds one Tier-1 license and has a trust score of 71, categorizing it as average risk. Neither broker is publicly traded or operates as a bank, making their trust ratings and the number of licenses they hold important considerations for potential investors.
Despite both companies not being listed on stock exchanges or functioning as banks, Eightcap's higher trust score and more extensive regulatory oversight through multiple Tier-1 licenses make it a more preferred choice for those prioritizing security and trustworthiness. While GBE brokers still maintains a decent level of trust, potential clients should weigh its comparatively lower trust score and regulatory coverage before deciding on their investments.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing Eightcap and GBE brokers on commissions and fees reveals some key differences. Eightcap provides two account types, accommodating traders through its global entities in Australia and the Bahamas. With the commission-based Raw account, traders face an upfront spread of 0.06 pips, but when the per-side fee of $3.50 per trade is included, the effective cost is approximately 0.76 pips. This is slightly under the industry average of 0.8 pips. Despite this, Eightcap tends to be on the pricier side compared to the lowest-cost forex brokers. On the other hand, GBE brokers does not have average spread data readily available, making comparisons in this regard challenging.
Both brokers receive a commendable four-star rating out of five for their commissions and fees structure. However, when it comes to ranking among 62 brokers, Eightcap holds the 26th spot according to ForexBrokers.com, whereas GBE brokers is placed at the 36th position. This ranking suggests a slight preference towards Eightcap’s pricing model among industry evaluators.
In conclusion, traders considering these platforms should weigh the overall cost structures carefully and consider Eightcap’s full pricing breakdown against the less transparent spreads available with GBE brokers. Both platforms offer competitive ratings, but Eightcap's clear-cut pricing and slightly higher ranking might provide more clarity for those seeking a detailed cost forecast.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and GBE Brokers both offer a similar range when it comes to forex trading, providing clients the opportunity to trade forex as CFDs or spot contracts. Eightcap boasts a wider selection with 736 tradeable symbols, while GBE Brokers offers 500. When it comes to the number of forex pairs, GBE Brokers edges out with 71 pairs available compared to Eightcap’s 56. However, neither broker offers direct trading of exchange-listed securities in the U.S. or international markets, such as Apple or Vodafone shares, which could limit options for those looking to invest directly in global stocks.
In cryptocurrencies, both brokers allow access to crypto derivatives, but not the actual purchase of digital currencies. They each provide a copy trading feature, catering to those interested in mirroring other traders' strategies. Both are rated equally with 3.5 stars for their range of investments. As per ForexBrokers.com rankings, Eightcap holds the 40th position while GBE Brokers is slightly behind at 44th out of 62 brokers, indicating both have room for expanding their investment offerings.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 500 |
| Forex Pairs (Total) | 56 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Eightcap and GBE brokers, both offer robust trading platforms and tools to meet the needs of their clients. Each broker provides a virtual demo account for new and existing traders to simulate trading without financial risk. Their platforms are accessible via a Windows-based desktop download, as well as through a web browser, ensuring flexibility and convenience for users. Both Eightcap and GBE brokers support popular platforms like MetaTrader 4 and MetaTrader 5, though neither broker offers a proprietary platform, DupliTrade, or ZuluTrade. For those interested in copy trading, both options are available with each broker. Additionally, both offer the capability to trade directly from a stock chart.
Charting tools include an identical number of drawing tools, totaling fifteen, while both provide seven columns for watch lists. Users will find this facilitates an organized trading experience. In terms of overall ratings, Eightcap receives a respectable 4-star rating for its Trading Platforms and Tools, similar to GBE brokers. However, Eightcap enjoys a more favorable ranking at #38 out of 62 brokers according to ForexBrokers.com, compared to GBE brokers' position at #57. Whether you choose Eightcap or GBE brokers, each offers a comprehensive suite of tools for both novice and experienced traders alike.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Eightcap and GBE Brokers offer comprehensive mobile trading apps for iPhone and Android users. These apps are designed to cater to traders' essential needs by including features such as stock and forex price alerts, and the ability to draw trendlines on charts. Users can also access various time frames, allowing them to switch between daily, weekly, and intraday views. Each app provides 30 technical studies for charting, which leaves traders equipped with powerful analytic tools, and automatically saves drawings for convenience. Users can enjoy real-time quotes on their personalized watchlists as well.
However, a key difference arises in watchlist synchronization. Eightcap impresses by allowing users to sync their watchlist symbols between mobile and online accounts seamlessly, a feature that GBE Brokers currently lacks. Despite this distinction, both apps have garnered a solid four-star rating for their mobile trading capabilities. When ranked by ForexBrokers.com among 62 brokers, Eightcap stands at #38, while GBE Brokers trails a bit further behind at #57. This ranking reflects their overall performance and user satisfaction within the mobile trading landscape.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Eightcap and GBE brokers in terms of market research offerings, both provide daily market commentary and access to sentiment-based trading tools, which allow traders to gauge the ratio of long or short positions across various financial instruments. Additionally, both brokers offer an economic calendar that helps traders stay informed about global news events. However, neither broker provides forex news from renowned sources such as Bloomberg or Reuters, nor do they offer technical and fundamental analysis tools from well-known companies like Autochartist or Trading Central. Furthermore, research tools from Acuity Trading and market research from TipRanks are also not available at either broker.
In terms of ratings, Eightcap fares slightly better with a research rating of 3.5 out of 5 stars compared to GBE brokers' 3 stars. When it comes to the rankings by ForexBrokers.com within the research category, Eightcap is placed at #39 out of 62, whereas GBE brokers is positioned much lower at #61. This suggests that while both brokers have similar offerings in specific areas, Eightcap overall provides a slightly more enhanced research experience compared to GBE brokers.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for novices in forex and CFDs trading, Eightcap emerges as a more supportive platform compared to GBE brokers. Eightcap provides a substantial range of at least 10 educational pieces, including articles, videos, and archived webinars that focus specifically on forex or CFDs. While live webinars are absent from Eightcap's offerings, they compensate with a searchable archive of previously recorded webinars. Beginners will find a generous collection of introductory videos addressing essential trading concepts, enhancing the learning experience for new traders. Additionally, Eightcap includes an investor dictionary with over 50 terms, helping users familiarize themselves with essential trading vocabulary.
In contrast, GBE brokers lacks the variety and depth found at Eightcap in terms of educational materials for beginners. The absence of a sufficient number of educational pieces, beginner videos, and a webinar archive may limit the learning opportunities for those new to trading. While GBE brokers offers some resources, the scarcity of beginner-friendly content might make it less attractive to novices. As reflected by their ratings, Eightcap scores 3.5 stars for education, securing the 40th rank out of 62 brokers in this category. Meanwhile, GBE brokers, with a 3-star education rating, is positioned at 62nd place, indicating room for improvement in supporting beginner traders.
| Feature |
Eightcap
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Eightcap is better than GBE brokers. Eightcap finished with an overall rank of #38, while GBE brokers finished with an overall rank of #56.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.
| Feature |
Eightcap
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GBE brokers
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| Overall Rating |
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| Trust Score | 85 | 71 |
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Both Eightcap and GBE brokers do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
While both Eightcap and GBE Brokers offer convenient deposit and withdrawal options such as PayPal, Skrill, Visa, Mastercard, and bank wires, GBE Brokers provides an additional advantage by supporting ACH or SEPA transfers, unlike Eightcap.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Eightcap | GBE brokers | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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| Regulation | Eightcap | GBE brokers | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Eightcap | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 500 | |
| Forex Pairs (Total) | 56 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Eightcap | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Eightcap | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | GBE brokers | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Eightcap Review |
| Overall | Eightcap | GBE brokers | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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